Azerbaijan to open trade office in Uzbekistan

Azerbaijan and Uzbekistan have planned to hold a meeting of the intergovernmental commission on economic cooperation (IPC) next week, First Deputy Minister of Economy of Azerbaijan Elnur Aliyev said at the panel session "Azerbaijan - Uzbekistan: Vector of Economic Partnership", held within the IV Tashkent International Investment Forum.

Report quotes him as saying the IPC is of great importance, since it is a tool that promotes the development of economic cooperation between the countries.

"Next week, we plan to hold a meeting of the intergovernmental commission. A joint investment fund with a capital of almost $500 million is also one of the important tools. Within the supervisory board of the fund, representatives of Azerbaijan and Uzbekistan have already noted 12 specific projects. As an additional institutional mechanism for our cooperation, we will create a trade mission in Uzbekistan, which will become the sixth trade mission of Azerbaijan around the world, which will give an additional impetus," Aliyev said.